Study: Hot housing market turns to big chill

In an article entitled, "Study: Hot Housing Market Turns to Big Chill," Daniel P. Ray of BankRate.com tells us of a new report that shows more than half of U.S. cities that experienced housing price declines in the fourth quarter of 2006. He mentions that prices fell in 73 metropolitan areas surveyed by the National Association of Realtors; that prices rose in 71, and that five areas remained unchanged. The two states that had the biggest declines were Ohio, where the loss of manufacturing jobs has shredded the economy, and Florida, which he said enjoyed stratospheric price appreciation during the housing boom.

Despite these findings, Ray said that Realtors remained optimistic, "The ever-optimistic Realtors sounded a positive note in their report. They said the report likely marked the bottom of the current housing cycle, because the decline in prices show that home sellers have finally awakened to the reality of the declining market and were willing to negotiate lower prices."

Click here to read full article, "Study: Hot housing market turns to big chill" by Daniel P. Ray, BankRate.com!

To Pay, or Not To Pay, Discount Points.

I recently read a couple of interesting articles regarding loan points and, whether or not, it is wise to pay them; but before we venture into this question, it would be best to explain what loan points are (for those who do not know). Here is how Holden Lewis, an advice columnist for bankrate.com, describes a discount point in his article entitled Paying mortgage discount points - a primer:

"One discount point is an upfront payment of 1 percent of the loan amount, paid at closing. You receive a reduction in the interest rate in exchange for paying discount points. You end up with a lower monthly mortgage payment...Discount points are based on the loan size, not the purchase price. If you borrowed $200,000 to buy a $300,000 house, one point would cost 1 percent of the loan amount, or $2,000. Two points would cost $4,000. Paying discount points doesn't reduce the amount borrowed...As a rule of thumb, the mortgage's interest rate is reduced by a quarter of a percentage point for every discount point you pay. That's just a rough guide, though; the actual amount of the discount varies by lender and can fluctuate in response to movements in the bond markets."

Why Would Someone Want to Pay Discount Points ?

The main reason for paying discount points stems from a general desire to reduce the interest rate on a mortgage, thus, achieving a lower monthly payment upfront. This scenario looks favorable, at first sight. However, in a bankrate.com article entitled "Borrowers Seldom Score By Paying Points," Chief Economist for Quicken Loans, Bob Walters, said otherwise, "If you're going to be in that mortgage longer than the break-even point, you win...if you aren't in that mortgage longer than the break-even point, you lose." Therefore, if you intend to refinance in the short-term, you would not really benefit from paying discount points upfront. Bill Lyons, president of San Diego-based LEI Financial, says that a lot of people would benefit from making an extra payment every year, rather than paying discount points.

According to Holden Lewis you can estimate a breakeven point, to see if it warrants paying discount points, "To find out whether you'll hold the mortgage past the break-even point, you must have a notion of how long you will keep the mortgage. If you plan to sell the house or refinance within two years, it probably doesn't make sense to pay discount points. On the other hand, if you plan to keep the mortgage for 10 years or more, you'll save money in the long run by paying points." Lewis also offered a formula to calculate the break-even point:

"The simplest way to calculate the break-even point is to ask the lender how much you would save per month by paying a certain number of discount points. William Noll, mortgage consultant for Wells Fargo Home Mortgage in Hershey, Pa., likes to do it this way. He brings up a hypothetical example where $1,000 in discount points reduces the monthly payment by $15. He divides $1,000 by $15, for a break-even point of 66.6 months, or roughly five-and-a-half years...Noll doesn't think it's worth the bother if a buyer plans to keep the mortgage for only a little longer than the break-even period. Better to put the money in a certificate of deposit, he says. 'Unless the customer tells me he's maybe going to be in the home maybe 10 years or more, I generally don't recommend points,' he says. 'But I leave it up to them.'"


Source links:

"Paying Mortgage Discount Points: a Primer" By Holden Lewis • Bankrate.com

BankRate.com: "Borrowers Seldom Score By Paying Points"

'Flipping' is not always a dirty word

There was an interesting article delivered to my inbox today, regarding residential rehab projects, also known as, "flipping." In recent times, this practice has garnered an unflattering reputation, because of unethical people, which abuse the system. The truth is, rehab projects can yield decent returns, without resorting to greedy tactics.

Here is a glimpse of Q&A article "Flipping Is Not Always a Dirty Word" by Steve McLinden of BankRate.com:

Q. "Dear Real Estate Adviser, Why is it called "flipping" when an investor buys a house under value and sells it for what it's worth? Whenever I hear the word, it seems to have a negative connotation. -- Tina R."

A. "Dear Tina,You've really hit on something here, especially with your 'sell it for what it's worth' comment. But let's back up for a second. Some honest and handy rehabbers who buy properties that are physically and (or) financially distressed, then promptly fix them up and turn them over -- or 'flip' them -- to a new owner are being punished because of rising mortgage fraud over the past decade.

Sadly, it was the old 'one-bad-apple' syndrome that caused most of the acrimony. During the overheated housing market of the late 1990s and early 2000s the distinct odor of greed wafted over the industry. Not satisfied with healthy profits, a number of participants sought excessive profits and didn't let things such as ethics and the laws get in the way."

Click here to read full Q&A article by Real Estate Adviser Steve McLinden • Bankrate.com

How to tell if an income property is over-priced:

Investing in real estate is riskier than investing in a Certificate of Deposit, so why would an investor be satisfied with buying income property at a 3%, 4%, or even a 5% cap rate?

Real estate investment opportunities that pencil out to low cap rates like these are overpriced, because investors can earn the same rates of return in a safer investment vehicle. Investments should earn more of a return for assuming the increased risks associated with real estate investments.

With a high-yielding CD account, money can earn between 4 – 5%, safely without lifting a finger. With real estate investments, an investor assumes more work, more risk, and therefore, warrants more of a return on money invested. This assumption is practical, and makes sense from an investor's perspective.

Experienced investors of all types know that with increased risk, they can (and should) expect more of a return on their invested money. You know you are looking at an overpriced income property, if it pencils out to a cap rate of 3 – 5%. Buying properties with low cap rates like this does not make sense, because an investor can earn these rates in a safer high-yielding CD account.

CD rates as of 12/09/2006 (source cited from bankrate.com, for informational reference only.)

TYPE
TODAY
+/-
LAST WEEK

6 month CD

4.64%
4.66%
1 yr CD

4.83%
4.86%
5 yr CD

4.70%
4.72%
1 yr IRA CD

4.64%
4.66%
5 yr IRA CD

4.59%
4.60%

Smart investors compensate themselves for the added risks they assume by establishing higher performance expectations for riskier investments, including real estate.

Buying overpriced income properties does not make much financial sense. Properties that produce cap rates under 5% is overpriced, in all honesty, because you can make these kinds of returns in a safer CD investment. Risk and reward go hand in hand.

Complacent Bureaucracy In Washington State!

Dear real estate consumers of Washington State:

We cannot depend on state agencies to do their job of protecting our freedom of choice. Our state Attorney General’s office is under the impression that some "exclusive dealing" agreements have pro-competitive benefits.

I fervently disagree.

It was disturbing to read the following statement from Jonathan A. Mark, an Assistant Attorney General at the Office of the Attorney General Of Washington State.


"While exclusive dealing can, under a particular set of circumstances, give rise to antitrust concerns, it is not presumptively illegal to enter into exclusive dealing contracts. In fact, antitrust law recognizes that, in many circumstances, exclusive dealing contracts can have significant procompetitive benefits. Consequently, exclusive dealings
are not disfavored under the law and generally constitute an antitrust violation only when it lessens or substantially forecloses competition in a particular market."

The truth of the matter is that Seattle.com lists:

1. Thirty-three businesses under "Dining"

2. Twelve businesses under "Hotels"

3. Eight businesses under "Attractions"

4. Thirteen Seattle travel guides under "Visiting"

5. Fifty-two businesses under "Nightlife"

Yet under their "real estate" category they exclusively refer all inquiries to only ONE company for an entire region.

This does not make any sense. I know that there are several other exclusive buyer agencies, aside from our own, that operate in the Puget Sound region of Western Washington. Below are some of them:

Amiad & Associates, Exclusive Buyers Agency - Vashon Island
www.vashonislandrealestate.com


The Buyer's Agent, Dream Drafters Realty - Seattle, Bellevue, Everett

www.dreamdrafters.com


Abbey Realty Exclusive Buyer Representative - Ft. Lewis area www.richgrow.com


Buyer's Data Realty - Exclusive Buyer Brokerage - Whidbey and Camano Islands
www.buyersdata.com

These companies only work with buyers.


This was my response to Mr. Mark's disturbing statement:

"Dear Jonathan A. Mark,

Your lack of concern is disturbing. Misconstruing the term "exclusive dealings" does not absolve your responsibilty of protecting consumer choice and preserving free competitive enterprise for all businesses.

You have failed Washington State consumers and the small businesses who have a right to a free and competitive marketplace. Your complacency is a disservice to the people you are charged with serving.

I have full faith that consumers would disagree with your office that exclusive dealings has any procompetitive benefits to them, as it diminishes their Right to freedom of choice. We shall let the people decide for themselves."

Final Note:

Please know, that despite bureaucratic complacency, you CAN protect your Freedom of Choice and neutralize biased referral sources by doing your own research, developing your own hiring process, and setting up interviews with a few good companies on your own. Only then will your freedom of choice be preserved, and the power taken away from those who do not respect it.

The Disappointing Truth About NAEBA

It is official. Our agency will not be renewing our membership with NAEBA (National Association of Exclusive Buyer Agents) in 2007. There are a few reasons for this, however, I will stick to the main point.

I was excited to learn about this organization, at first, because EBA's have limited avenues for support with fellow colleagues. I was hopeful that I would find camaraderie, support, enhanced growth opportunities, and the chance to compare notes about the challenging business of exclusively working with real estate buyers.

With so few of us out there, one would think that there would be more unity within the organization, but there is only political favortism towards senior members. This is especially true when a new member operates in the same market area as a senior member. You will quickly find yourself outside of a deeply engrained clique, that tends to play political games and favoritism. The instability of this organization exists not only with new members, but also from within its administration.

Here is what one member had to say about his experience with NAEBA:

"What has been most disturbing to me over the years is the amount of internal politics and ego battling over the years for various positions or policies within the organization. It turned me off and caused me to drop my membership for a long period of time. I am most disturbed and embarressed that friends of mine became victims of the internal political struggles that also prevented NAEBA from emerging as a more potent leader in buyer agency and making good on its commitments to membership."

--Barry L. Nystedt, MCBA, CEBA - Buyer Brokerage Realty, Newton Massachusetts--

Final Note:

My experience with this organization has been nothing short of a disappointment. I am relieved to be at the end of a most dissatisfying affiliation. With this thought in mind, I now speak to my non-member EBA colleagues...

You are better off investing your hard-earned $300 into your marketing budget, while remaining true to the advancement of exclusive buyer agency in the real estate industry.

Buyer Beware: NWMLS Form 41A "Buyer Agency Agreement"

This is a boiler plate form commonly used by most members of the NWMLS. This includes most real estate professionals in the Greater Puget Sound. I do not like NWMLS Form 41A, specifically, the second clause because it asks the buyer to consent to dual agency. Why would a buyer agree to such a thing, when hundreds of thousands of dollars are at stake? Real estate is not a small ticket item. Real estate is a significant purchase with no room for imposed risks, such as, those risks imposed by Form 41A. Dual agency is a conflict of interest that should be avoided.

Here is the language contained in clause #2 of NWMLS 41A:

“Buyer agrees that if Broker locates a property that is listed by one of Broker’s salespersons other than Agent, then Buyer consents to Broker acting as a dual agent. Buyer further agrees that if Broker locates a property listed by Agent then Buyer consents to Agent and Broker acting as dual agents.”

It is unwise for buyers to consent to dual agency in any sense, because it is a conflict of interest. A well-informed buyer would be wise to draw a line through this language.

Our company does not use this form.

Does Agency Really Matter?

Buyers are best served by exclusive buyer agents and brokers. These dedicated buyer advocates do not take listings. They help buyers avoid Dual Agency, which is a conflict of interest. For example, a buyer finds a property listed with their agent’s company, the property is listed with a different agent within the same company, the company becomes a Dual Agent.

Dual agency becomes a problem when issues arise between buyer and seller. The company cannot fully go to bat for either side, because dual agents are required by law to remain neutral to both parties. Since problems can and do arise between buyers and sellers, it is better for buyers to eliminate the possiblity of such conflicts of interest before stepping into the market. Engaging the services of an experienced exclusive buyer’s agent is a good way for buyers to avoid dual agency and its inherent risks.

As the general public becomes more aware of these risks, we will see more buyers come to know and understand the value of buyer agency agreements; especially, exclusive buyer agency agreements, which is used to engage the services of an exclusive buyer agent (EBA).

Family Heirloom Causes Static Between Buyer and Seller

I found a very interesting situation described in a Cabo San Lucas real estate blog. It is a fine example of why it is important to clearly spell out what is included in the purchase price of a home. Included items should be listed in a purchase agreement, as part of the sale.

Read about what happened...

"Our friends sold their home for full price and moved out a few days before closing.

The next day they received an angry call from the selling agent telling them that they had to bring a mirror back before the sale would close. When the home buyers did their final walk through, they refused to make their down payment because a large mirror had been taken down.

This mirror, an antique family heirloom, was never considered by the sellers as part of the sale. The seller refused to give her grandmother's mirror back.

However, their sales contract, a standard Home Purchase Contract with Terms and Conditions, included all attachments. The mirror was considered by the buyers and their agent as part of the sale. "

Source link:
http://cabosanlucas.cabolaestancia.net/blogs/cabo-san-lucas-map/15069/

In conclusion...

When a certain item is not specifically listed in the Purchase and Sale Agreement, then it should not be considered part of the sale. This term should be mutually agreed upon in writing during negotiations. This will prevent static from developing in the first place, because everything is agreed to up front.

Buyers should be conscious of items they would like to negotiate for, during a showing appointment, and include a list of these items in the purchase offer. If a seller agrees to include the items, then they will have the opportunity to say so in writing.

Little things like this, makes a knowledgeable real estate consultant valuable to real estate consumers.

Troublesome News from Arizona

With new real estate agents entering the field in record numbers across the country, it becomes ever so important to establish a hiring process; regardless if you are a buyer or seller. Washington State brokers are required to supervise their agents, associate brokers, and managing brokers; but, sometimes the supervision is not adequate.

Read more about what happened in Arizona...

Troublesome news from Arizona:

"Complaints against real estate agents are on the rise, with consumers accusing them of everything from selling property without a license to cutting corners to make a sale.

As of June, the number of complaints opened with the Arizona Department of Real Estate had jumped 53 percent since 2003, the year before the housing boom took the Valley by storm. Complaints forwarded for discipline increased 150 percent in that same time.
More consumers are not only griping about the way they have been treated, but they're also alleging they have lost money in real estate deals. Agents found in violation of state laws that govern license holders can wind up paying fines or having their licenses suspended or revoked.

Part of the spike in complaints reflects the rush of new agents who flooded the market to take advantage of the housing boom of 2004 and 2005. The number of new brokers and agents rose 38 percent in the past three years, well behind the pace of complaints.

The housing market fizzled this year as rising prices and more inventory kept buyers on the sidelines. When the market was hot, complaints were driven by the intense competition to get listings and make sales, said Tom Adams, director of regulation for the state real estate department, which oversees licensing and investigates complaints" (AZCenteral.com).

Source Link:

http://www.azcentral.com/arizonarepublic/news/articles/1118complaint1118.html

Final note:

Buyers, as well as sellers, need to have a hiring process that includes interviewing with a few good real estate professionals. The biggest mistake I see people make time and again, is that they start working with the first buyer or seller agent they encounter. A practical hiring process will separate the real estate professionals with experience from those without experience.

Aside from determining skill level, having a hiring process also gives people the opportunity to become familiar with a consultant's character and personality. Not all personalities can work together, so this is another important factor to consider when interviewing with real estate professionals. Ask questions and pay attention to how your questions are answered.

Agents Refusing to Make an Offer on Real Estate

First of all, you need to know, that it is against the law for any agent or broker to refuse presenting an offer. We are required by law to present all offers, and any agent who does not will get into serious trouble. This is the case in Washington State, Nevada, and I am certain that this is the case in all 50 states. You can check on this by contacting your state's real estate licensing board for more information.

Now, for the reason I am blogging on this topic:

I came across a blog belonging to an agent who regularly advises against signing an Exclusive Buyer Agency agreement, and who used the following scare-tactic in an attempt to scare buyers away from utilizing exclusive buyer agency agreements:

"'buyers agent refuses to make offer' was a search hit I got recently. This is yet another reason not to sign exclusive buyer's agent agreements."

My thought:

It is against the law for any agent or broker to refuse presenting an offer, regardless if it's a buyers agent, listing agent, dual agent, etc.

Therefore...

The person cited above is not correct in what he is saying. An Exclusive Buyer Agency agreement should not be signed until after an interview process, and after there has been a "meeting of the minds," where both buyer and agent agree to ground rules for a mutually beneficial working relationship.

I should also point out that this agent takes listings, therefore, does not know what he is talking about regarding the important role of exclusive buyer agents; including the agreements necessary to engage their services. It seems that this agent is accustomed to "double-dipping," meaning, he finds the buyers for his listings and gets paid for both sides of the transaction. It appears that this agent does not wish to let this practice go.

It would be interesting to know if this agent would be willing to sign a non-exclusive listing agreement with sellers, especially, since most listing agents do not traditionally like to sign them.

I suppose this answers my question:

"Mind you, the listing agents will resist this, but until you sign their contract (which has to be exclusive, by the nature of things, at least for a given property), you are the one who holds the power to control the transaction by walking out."

In closing...

Buyers deserve to receive the same level of service as sellers do. An Exclusive Buyer Agency Agreement for the buyer, is the equivalent to what an Exclusive Listing Agreement is for the seller. Fair is fair, and not a double standard.


Source Link

Suzette West, RECS, EBA
Exclusive Buyer Agent Seattle

Designated Agency or Dual Agency: An Interesting Question Raised

A colleague raised an interesting question in the following blog entry. If you think in terms of a sports team, you would never see a team have the same coach, so why would buyers and sellers use the same company to complete their real estate purchases.

"To get around the drawbacks of 'dual agency' - states are adopting 'designated agency.' Thats where the employing broker designated one agent within his/her office to be an agent for the seller and another agent within her/his office to be the agent for the buyer. Law firms don't allow you to hire an attorney while your adversary uses another attorney at the same firm. So why should this be legal in Real Estate?? The buyer's information and negotiation power can be compromised in these offices."

It always pays to do research before entering the real estate market. The only way to avoid conflicts of interest entirely, is to insist on having representation separate and apart from the listing agent's company.

Source link:

http://exclusivebuyeragent.typepad.com/my_weblog/2006/11/why_dual_agency.html

Tales of a Seattle Real Estate Investor

Tales of a Seattle Real Estate Investor

I found this entry on Seattle Eric's blog, and it really shows how and why buyer's need their own representation in real estate. He mentions the importance of having a plan with an exit strategy, and he is absolutely right. You not only need an exit strategy, but you also need to know the rate of return you wish to earn over the life of the investment. This needs to be known before you step into the market.

Before a buyer invests in real estate, they should have realistic goals and expectations spelled out in a well thought-out plan, this includes having an exit strategy. It is also important to understand that money is made when you buy real estate right, and not when you buy and sell wrong.

Suzette West, RECS, EBA
Exclusive Buyer's Agent Seattle

How to avoid going underwater on a mortgage

An interesting article I found by:

Holden Lewis of BankRate.com

Click link above or below for full article.

"In the next couple of years, a combination of rising mortgage interest rates and falling home values could plunge thousands of homeowners underwater."

"Being underwater means owing more than the house is worth. It's an especially risky situation for people with interest-only mortgages and pay-option adjustable-rate mortgages. Some might be able to refinance or get through hard times by living frugally. Others will have to sell their houses, possibly at a loss. Still others will lose their houses to foreclosure."

"If you have an interest-only or pay-option ARM, assess your situation and, if you conclude that you are in jeopardy, act quickly. "I don't think burying your head in the sand is a viable option," says Neil Garfinkel, an attorney with Abrams Garfinkel Margolis Bergson in New York City. Most homeowners will sail through just fine. Two groups of borrowers should look ahead to see if they're heading toward a reef that could sink them."

"Homeowners most at risk of being underwater:

• The first group consists of homeowners who are making the minimum payments on interest-only mortgages. Not all of these folks are at risk. The ones who should especially watch out are those who bought homes in the last year or two in markets where house values are falling, and who made no down payment or a minuscule one.

• The other group consists of people who are making minimum payments on pay-option ARMs on homes that they bought within the last two years after making a down payment of 10 percent or less."

Read full article by Holden Lewis - BankRate.com, click below:

http://www.bankrate.com/nltrack/news/mortgages/200611092_avoiding_underwater_mortgage_a1.asp

Suzette West, RECS, EBA

Exclusive Buyer's Agent Seattle

A colleague with compelling information

Richard Machado of Fidelis, The Smart Homebuying Team in New Bedford, MA.

http://www.vip-buyer.com/

"Exclusive Buyer Agent - this is a new wrinkle and if you have your druthers, if you have a choice, this is the way you want to go.... They work just for buyers, they never take a listing, they don't have the conflict of interest on the other side of the deal. These people consider themselves consumer advocates....that's the one you want - if you can get it." - Jean Chatsky, Wall Street Journal's "Smart Money"

Suzette West, RECS, EBA
Exclusive Buyer Agent Seattle

How to Hire the Right Exclusive Buyers Agent in 5 Easy Steps.

Unfortunately, buyers often make the mistake of working with the first agent they come into contact with. The following information offers a practical and easy system for searching out potential candidates and selecting the right exclusive buyers agent for the job at hand.

Buyers need to know what options they have available to them, and not let others make these decisions for them. Isn't there enough of that going on these days?

With knowledge comes the power to make the best practical decisions possible, real estate decisions included.

Step 1: The Search - According to the National Association of Exclusive Buyer Agents (NAEBA), only ½ % of all real estate licensees are truly buyer’s agents. The best way to begin looking for an exclusive buyer’s agent is to do a search online using the term “exclusive buyer’s agent” and including the desired property location. A prospective buyer should visit at least 3 to 4 web sites and pay attention to details like professional impression and the overall message communicated in the web site. Buyers should ignore hype that comes from biased sources. For example, a biased source will choose one particular agency to handle all of their real estate inquiries to the exclusion of all others, instead of having a directory of several buyer agencies. This takes away from a buyer’s right and freedom to choose the best representation for them. In truth, one size does not fit all; therefore, relying on biased sources is quite questionable.

Step 2: The Interview - After finding the best two or three candidates, the next step is to set up an interview. At the interview, a buyer should pay attention to detail and ask plenty of questions. Buyers should ask candidates to address any concerns, and be prepared to discuss real estate goals in general. The goal here is to uncover enough information about a particular agent in order to get a feel for each personality interviewed in order to make the best choice. When concluding the interview, buyers should inform all candidates of when they expect to make a final decision and then notifying each candidate by phone or e-mail, regardless of whether or not the candidate was successful in landing the job.

Step 3: The Selection - After concluding the interview process, which can occur online, via e-mail, in person, or over the phone, the selection process begins. The main goal of this step is to determine the best candidate for the job by considering the comfort level of buyer during the candidate’s interview, assessing the candidate’s level of knowledge and expertise, as well as, seeing whether personalities between buyer and candidate click or clash. Buyers should be aware of how an agent handles their questions and concerns. Does the agent seem honest, workable, and flexible? Does it seem like the agent is trying to push their own agendas, trying to use money as incentive or bait, or discouraging buyers from interviewing with other exclusive buyers agents? These are all important considerations. As small as they may seem, these traits reveal the quality of an agent’s character and the nature of their motivations. This is good for a buyer to know upfront.

Step 4: The Exclusive Buyer Agency Agreement - After buyer determines the best exclusive buyer’s agent to work with, the next step is making the working relationship official through an Exclusive Buyer Agency Agreement. There are currently many misconceptions about this type of agreement. Some buyers are reluctant to sign one because they do not understand what it is for and why it is important for them to have one with the right agent. An Exclusive Buyer Agency agreement establishes the boundaries and ground rules of a working relationship between a buyer and their chosen agent. Without this agreement addressed upfront, important issues become a matter of chance and fate. Buyers and their agents should negotiate the terms until they both feel good about the agreement. Expectations are set and mutually understood. A proper Exclusive Buyer Agency agreement avoids misunderstanding and unwelcome surprises, as well as, prevents wasted time and effort. Buyers and their agents should spell out the details of how they should work together in writing, before actually starting to work together.

Step 5: Getting Started - Once an agreement is in place, buyers should meet with their agent to review goals and options based on the information discussed at the interview. In this step, the agent prepares the buyer for what is ahead. The agent will help buyer determine affordability, shop for the best financing, find the best properties that fit buyer’s criteria and qualifications, help negotiate for lowest price and best terms in favor of buyer, and manage buyer’s side of the transaction to closing while watching for, and handling, problems that may arise. The bottom line is that an exclusive buyer’s agent is a buyer’s best friend in real estate, and buyer’s should make sure that they choose the right one for themselves.

Suzette West, RECS, EBA
Exclusive Buyers Agent Seattle

Welcome to our new Blog!

Our blog has a new home! Please check back often for the latest real estate news and happenings!